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by Michael J. Shapiro | August 11, 2010

InterContinental Hotels Group posted a 7.4 percent year-over-year growth in revenue per available room for the second quarter, and a 3.9 percent rise in RevPAR for the first half of the year. The growth was driven by healthy increases in occupancy, according to chief executive Andrew Cosslett, who added that “rates are now stabilizing across the world, with most markets seeing rate growth towards the end of the first half.” Hyatt Hotels Corp. also reported significant RevPAR growth, a 9.6 percent jump over the second quarter in 2009. The company posted a net income for the quarter of $25 million, compared to a net loss of $50 million in the second quarter of last year.